🤓ANALYSIS BTC/USDT✔️Bitcoin is currently consolidating within a well-defined symmetrical triangle, indicating a period of indecision in the market. However, the 100MA is acting as a critical resistance level, capping upward momentum.
✔️If the price fails to break through the resistance trendline of the symmetrical triangle, a rejection at this level could lead to continued consolidation within the pattern.
✔️Alternatively, if Bitcoin breaks decisively above the resistance trendline and 100MA, it could trigger a strong bullish reversal. This breakout would likely lead to increased buying pressure, sparking a potential upward rally.
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